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Telegram Will Release Bank Records to SEC in Ongoing Gram ICO Case

Telegram will release bank records that the United States Securities Exchange Commission believes will prove misconduct in the latter’s $1.7 billion offering of Gram tokens. International privacy laws and the new informationPer a Jan. 13 filing with the court of the Southern District of New York (SDNY), Telegram will have

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China’s Central Bank: Here’s the Latest on the Digital Yuan

The development of a digital yuan, or DECP, has taken a great leap forward, according to the People’s Bank of China, the nation’s central bank.In a statement (in Chinese) Thursday, the bank said the “processes of top-level design, setting industry standards, developing potential functions and integration testing,” were “almost complete.” The

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China’s Central Bank Completes Top-Later Design and Joint Tests of Planned CBDC

The central bank of China has completed the top-layer design and joint testing of its soon-to-be-released central bank digital currency (CBDC).As domestic news outlet Sina reported on Jan. 10, People’s Bank of China (PBoC) accomplished the top-layer design of the planned digital yuan, developed relevant standards, carried out research

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Australians Won’t Use Libra, Believes Central Bank

The Reserve Bank of Australia (RBA) has expressed doubt over whether cryptocurrencies, including Libra and central bank digital currencies (CBDCs), will ever become viable solutions.In a submission (pdf) to the Select Committee on Financial Technology and Regulatory Technology just before Christmas, RBA officials were skeptical that cryptocurrencies, in their current and

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Thai Bank Launches App For Instant Cross-Border Payments Powered By Ripple

Thailand’s oldest bank Siam Commercial Bank (SCB) has partnered with Ripple to create a mobile application powered by blockchain to deliver instant, low-cost cross-border payments. Per a Jan. 8 blog post from Ripple, the app — known as SCB Easy —  was demoed in December during Ripple’s annual customer event,

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Major Spanish Bank Latest to Bring Blockchain Into European Finance

On Jan. 3 Spain-based CaixaBank added the blockchain-powered finance platform We.trade to its list of services. CaixaBank has now become one of the first banks in Europe to provide its customers access to blockchain technology.Launched in 2017, We.trade is a finance platform powered by IBM’s blockchain technology. It was developed

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Bitcoin Friendly Signature Bank Offers Clients Superfast Payments Services

Signature Bank, a bitcoin (BTC)-friendly New York-based full-service commercial bank founded in 2001, has joined forces with Prime Trust, a Nevada-based tech-driven financial institution that claims to be focused on providing dependable infrastructure solutions for the digital economy. The alliance will enable both organizations to leverage each other’s technologies to

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Rivals Signature Bank and Prime Trust Team up to Offer Instant Payments for Institutions

Crypto banking competitors Prime Trust and Signature Bank have partnered in a bid to appeal to institutional clients. Signature announced Monday it would be linking its Signet payments platform to Prime Trust's multi-asset settlement platform, creating a new service offering "real-time" settlements for digital asset trades."Any Signature Bank commercial client

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People’s Bank of China ‘Progressing Smoothly’ With Digital Yuan

China’s central bank, the People’s Bank of China (PBoC), reports that it is “progressing  smoothly” with its development of a government-backed digital currency.The bank issued its statement during a working conference held in Beijing from Jan. 2–3, according to an official news release published yesterday, Jan. 5. Five years in

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